Chubb Ltd. on Tuesday reported a net profit for the third quarter of $ 1.83 billion, an increase of 53.5% from $ 1.19 billion in the previous quarter, as double-digit commercial premium growth drove earnings.
Net income from premiums increased by 16.9 % to $ 9.9 billion, as insurance revenues increased by 57.5% to $ 617 million. Greenberg to analysts during a earnings call on Wednesday.
Net commercial premiums increased 22% to $ 7.430 billion and the insurance company's total expense ratio improved to 93.4% from 95.2% a year earlier, even as disaster losses increased to 1.15 billion USD from $ 925 million in the third quarter of 2025900.] North America's net property / accident premiums increased by 1
Larger accounts and specialty stores increased by 15.5%, while accounts in the middle market and small businesses grew by more than 18%, he said.
Total prices in North America increased by more than 12%, Greenberg said. In larger accounts, interest rates grew by just over 13%. The overall accident rate increased by about 21%, and the financial ratio increased by 17%.
The third quarter included pre-tax losses from Hurricane Ida of $ 806 million in what Mr. Greenberg called "an active quarter for natural disasters." He said that this is being shaped into another year of significant weather-related events, something he called "the kind of the new normal."
Despite the increased cat losses, Mr. Greenberg that Chubbs' 14.2% organic growth over three quarters was "the strongest organic growth since 2004."
Net investment during the third quarter rose 3.1% to $ 866 million.
Mr. Greenberg was bullish on Chubb's future prospects, saying: "Growth and marginal expansion are two trends that will continue."